FX:USDCAD   U.S. Dollar / Canadian Dollar

This pair is currently pushing down very strongly on the daily chart . But, it is coming into an area that I consider to be the Weekly Support Zone . This is an area that the USDCAD has tested multiple times in the past as support and resistance and is possibly an area that we could see a nice bullish bounce out of this market. For that reason, I will be waiting for price to come into this area for possible long trades.

My short term outlook will be to short this pair towards the Weekly Support Zone . I'll be looking for possible entries on the 1HR, 4HR Charts.

Weekly Support Zone (Grey Area) = (1.31837-1.32572)


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